FXStreet (Bali) - Vice chair of the Federal Reserve Stanley Fischer, speaking at the National Economists Club annual dinner, keeps crossing the wires, now going through Q&A.
Headlines - via Reuters
Current US deficits 'pretty respectable' as share of GDP
Banks did not lend as aggressively as the Fed expected
Credit crisis a shock to confidence that is still holding back investment
Says low productivity growth may be holding back real wage growth
Believes falling unemployment will lead to higher inflation
Says spending on infrastructure in US would be a good investment for the country
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